secwatch.observer — SEC 8-K summary
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Issuer:     Motorola Solutions, Inc. (MSI)
CIK:        0000068505
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000068505-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorola Solutions Q1 sales up 10% YoY; raises full-year revenue and earnings outlook
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- Sales $2.4B (+10% YoY); Products & Systems Integration +14%, Software & Services +4% (ex-U.K. Home Office +12%).
- Non-GAAP EPS $2.81 (+27% YoY); GAAP EPS ($0.23) includes ($3.42) loss on Silver Lake convertible settlement.
- Record Q1 operating cash flow $382M (up $390M YoY); ending backlog $14.4B (record); S&P and Fitch upgraded ratings to BBB.
- Issued $1.3B long-term debt, settled Silver Lake convertible in cash; acquired Silent Sentinel (long-range cameras).
- Raised full-year revenue and earnings guidance citing robust backlog and strong balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/68505/000006850524000014/0000068505-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/68505/000006850524000014/msi-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000068505-24-000014

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